Ethiopian government has collected about 1.5 Billion Birr ($90.6 million) from private and government banks operating in the country, Addis Fortune said. According to the report, out of the 15 banks currently operating in Ethiopia, all paid the government mandated windfall tax, except Development Bank of Ethiopia (DBE). The government mandated the windfall tax on all financial institutions for gains made from the devaluation of the Birr against a basket of foreign currencies by the central bank on September 1, 2010. The deadline to pay the special tax was January 3, 2011.

Dashen Bank paid the largest amount, surpassing the state owned Commercial Bank of Ethiopia (CBE), which paid close to 286 million Br. Berhan International Bank, a new entrant to the banking sector, paid the lowest amount at 8.6 million Br. Out of the private banks, Wegagen paid the second largest amount of 223.4 million Br. State owned Development Bank of Ethiopia owes 125.4 million Br and requested extra time to pay.